Vol. 1 No. 2 (2025): Advancing Digital Business and Entrepreneurship for a Sustainable Future
Articles

Valuation Of Financial Statement Performance Based on Liquidity, Profitability, and Activity Ratios on PT Indofood Sukses Makmus Tbk

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  • Alfugar,
  • Ilyas Lamuda,
  • Novaliastuti Masiaga
Alfugar
Universitas Gorontalo
Ilyas Lamuda
Universitas Gorontalo
Novaliastuti Masiaga
Universitas Gorontalo

Published 2025-04-30

Keywords

  • Valuation ratio,
  • Financial accounting,
  • Profitability Ratio,
  • Activity ratios,
  • Liquidity ratio

Copyright (c) 2025 Alfugar, Ilyas Lamuda, Novaliastuti Masiaga (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

This study aims to evaluate the performance of PT Indofood Sukses Makmur Tbk's financial statements based on the analysis of liquidity, profitability, and activity ratios during the period 2019 to 2023. The data collection method used in this research is a documentation study, namely by collecting theoretical data which includes journals and articles that support research materials, as well as financial statement documents available at PT Indofood Sukses Makmur Tbk. The results of the analysis show that liquidity ratios, such as current ratio and quick ratio, experience fluctuations that are not good, reflecting the company's inability to pay off its obligations because they are below the industry average. Profitability ratios, including return on equity (ROE) and net profit margin (NPM), show good with a significant increase, reflecting the success of efficiency strategies. Activity ratios, such as total asset turnover (TATO), and receivable turnover (RTO) show not good because they are below industry standards, therefore, improvement is needed through optimization of asset use. These findings indicate that PT Indofood Sukses Makmur Tbk has unstable and inefficient financial performance. but still need to monitor liquidity, profitability, and activity carefully to maintain operational sustainability. This analysis is expected to be the basis for the company's strategic decision making in improving financial performance and maintaining competitiveness in domestic and international markets.

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